The forecasted sold production of cereal flours in Belgium shows a steady upward trend from 2024 to 2028, starting at 23.116 million euros in 2024 and reaching 26.264 million euros by 2028. Compared to the 2023 actual value of 22.5 million euros, the cereal flour market is expected to grow consistently over the next five years.
Year-on-year variations indicate continuous growth:
- 2024-2025: 3.46%
- 2025-2026: 3.30%
- 2026-2027: 3.17%
- 2027-2028: 3.04%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 3.24%, reflecting a healthy and steady increase in the market.
Future trends to watch for in the cereal flour market include changes in consumer preferences towards healthier and organic options, potential impacts of global supply chain disruptions, and regulatory changes concerning agricultural practices and food safety standards.
